Holdings:
The Trust holds physical allocated gold, silver, platinum and
palladium bullion in vaults by the custodian JP Morgan Chase Bank.
Gold and silver are held in London and the platinum and palladium
are held in London or Zurich.

Within the fund, each basket at 50,000 shares is equivalent
to 1,496.37 oz of gold, 54,866.86 oz of silver, 199.52 oz of
platinum and 299.27 oz of palladium. Each share of GLTR
represents 0.03 oz of gold, 1.1 oz of silver, 0.004 oz of
platinum and 0.006 oz of palladium,
writes Mark Salzinger for The Stock Advisors
.

Due to the fund's heavier weighting in gold, gold prices will
be the main driver in the fund's performance.

As economies grow, industrial demand for silver, platinum and
palladium will likely rise, whereas gold's appeal as a
"safe-haven" investment against uncertainty and volatility would
drop. Platinum and palladium are components in catalytic
converters for automobiles.

The fund could be used as an inflation hedge.

As of March 17, 2011, the net asset value (
NAV
) was 90.86899, and as of March 21, 2011, the last price was
92.25.

Latest News

Gold prices rose after the earthquake in Japan renewed
interest in safe-haven investing of the metal. The fear of rising
inflation has been fueling the rise in prices of gold, as well. [
What Gold to Own With ETFs.
]

George Albino at Canadian institutional brokerage GMP
Securities stated, "while we do not have a crystal ball, we do
believe that any spread in the current unrest in North
Africa/Mideast could have a very significant impact on short-term
and…long-term gold prices." [
Behind the Surge in Gold and Silver ETFs.
]

Palladium was the strongest performer at year's end, almost
doubling over 2010 from just above $400/oz at the start of
2010, to finish the year testing the $800/oz mark. Increased auto
sales in China and a growing trend toward platinum jewelry, which
is more durable than gold jewelry. Slow mine supply growth and
uncertainty in the global economy are also lending support to
prices and investor interest. [
Gold Who? Platinum and Palladium ETFs Shine.
]

Max Chen contributed to this article
.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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